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Exhibit 99.1
Diodes Incorporated Announces
Investment in Eris Technology Corporation
Plano, Texas
— June 24, 2011 —Diodes Incorporated (Nasdaq: DIOD), a leading
global manufacturer and supplier of high-quality application
specific standard products within the broad discrete, logic and
analog semiconductor markets, today announced an agreement to
invest in Eris Technology Corporation, a publicly traded company
listed as an Emerging Stock on the Taiwan OTC Exchange (TWO) that
provides design, manufacturing and after-market services for diode
products.
Eris has
announced that it will offer to its shareholders and employees up
to 10 million shares of common stock at NT$39 per share to
raise NT$390 million (approximately US$14 million).
Diodes has agreed to purchase any shares not purchased by
Eris’ shareholders and employees and Eris’ founders
have agreed to sell Diodes any shares necessary to ensure that
Diodes will obtain a minimum of 8 million shares which represents
an approximately 24 percent ownership in Eris after the
capital increase.
Commenting on
the investment Dr. Keh-Shew Lu, President and Chief Executive
Officer of Diodes, stated “Eris is currently a supplier of
assembly/test services to Diodes and we are pleased to be able to
expand that relationship. This investment will allow Eris to expand
their capacity in specific packages as a complement to
Diodes’ internal capability.”
About Eris
Technology Corporation
Eris Technology
Corporation was established in August 1995. Eris is an ODM
(original design manufacturer) providing a variety of support
services to design, manufacturing, and after-marketing services for
diode products, including schottky diodes, TVS diodes, zener
diodes, bridge diodes, wafers, and LED’s. Eris serves a broad
base of global and regional OEM customers. For more information
visit the Eris website at http://www.eris.com.tw/.
About Diodes
Incorporated
Diodes
Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap
600 and Russell 3000 Index company, is a leading global
manufacturer and supplier of high-qu
